Musgrave Minerals (ASX:MGV)

Musgrave Minerals (ASX:MGV)

Musgrave Minerals (ASX: MGV) is focused on gold and base metals exploration and project development. Musgrave’s cornerstone asset is the Cue Gold Project in the Murchison Province of Western Australia.

The company’s objective at Cue is to focus on increasing gold and copper resources through exploration, with the near-term goal of delivering a viable path to development. Progress at the Break of Day and Lena gold prospects has been very positive, with high-grade gold mineralisation intersected at Break of Day over a strike extent of approximately 360 metres and still open at depth and along strike. Together Break of Day and Lena contain more than 350,000 ounces of gold in resource.

Musgrave also has a massive land position in the Musgrave Province in central Australia – one of the least explored exploration frontiers in the country – and a joint venture interest in the Corunna project in the southern Gawler Craton of South Australia, where it has identified anomalous silver-lead-zinc mineralisation through aircore drilling.

Board and Management


Graham Ascough
Chairman, Non-Executive Director

Graham Ascough has more than 25 years’ of industry exploration experience evaluating mineral projects and resources in Australia and overseas. He is the Non-Executive Chairman of ASX-listed Mithril Resources Limited, Phoenix Copper Ltd and Avalon Minerals Ltd.

He is a geophysicist by training, and prior to joining Musgrave and Mithril Resources was the Australian manager of nickel and PGM exploration at major Canadian resources house, Falconbridge Limited (acquired by Xstrata Plc in 2006).

He has had broad industry involvement ranging from playing a leading role in setting the strategic direction for significant country-wide exploration programs to working directly with junior explorers. Graham is a member of the Australian Institute of Mining and Metallurgy and is a Professional Geoscientist of Ontario, Canada.

Robert Waugh
Managing Director

Robert Waugh has more than 25 years’ experience in the resources sector, including more than 10 years in the Musgrave region. He was a critical member of the WMC Resources Limited exploration team that discovered the massive Nebo and Babel nickel/copper/PGM deposits at West Musgrave in 2000.

He was subsequently Project Manager of the team that defined the initial resource at Nebo-Babel. Robert has held senior exploration management roles at WMC Resources Limited (WMC), BHP Billiton Exploration Limited (BHP), Fusion Resources Limited, Cameco Australia Limited and Raisama Limited.

He spent nearly 20 years with WMC and subsequently BHP following its takeover of WMC in 2005. He has extensive exploration and mining experience in a range of commodities including nickel, copper, gold, uranium and platinum group metals.

Robert holds a Bachelor of Science degree majoring in geology from the University of Western Australia and a Master of Mineral Economics degree from Curtin University and the Western Australian School of Mines. He is a Fellow of the Australasian Institute of Mining and Metallurgy and a Member of the Australian Institute of Geoscientists.

Kelly Ross
Non-Executive Director

Kelly Ross is a qualified accountant holding a Bachelor of Business (Accounting) and has the designation CPA from the Australian Society of Certified Practicing Accountants. She is a Chartered Secretary with over 25 years’ experience in the mining industry.

Her previous roles include senior accountant at Resolute Ltd from 1987 to 2000, during which time Resolute became a gold producer in Ghana, Tanzania and at serveral mines in Western Australia. She was also the Company Secretary of Independence Group NL (“IGO”) for 10 years from 2001 to 2011. Kelly was also a Director of IGO for 12 years from 2002 to 2014. She sits on the board of ASX-listed Yandal Resources as a Non-Executive Director.

She was appointed a Director of Musgrave Minerals in 2010 and is the Chairman of the Audit Committee.

John Percival
Non-Executive Director

John Percival has been involved in investment and merchant banking for more than 25 years, including 15 years as investment manager of Barclays Bank New Zealand Limited. In addition, he has extensive experience in stockbroking, corporate finance and investment management. John is currently a Non-Executive Director of Verde Science Inc.

Musgrave Minerals (ASX:MGV)